Nigeria Exchange Rate against USD
Key information about Nigeria Exchange Rate against USD
- Nigeria Exchange Rate against USD averaged 460.702 (USD/NGN) in May 2023, compared with 460.418 USD/NGN in the previous month.
- Nigeria Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
- The data reached an all-time high of 460.702 in May 2023 and a record low of 0.530 in Nov 1980.
CEIC calculates monthly average Exchange Rate against USD from daily average Exchange Rate. Central Bank of Nigeria provides average Exchange Rate against USD. Exchange Rate against USD prior to January 2002 is sourced from the International Monetary Fund.
Key information about Nigeria Exchange Rate against USD
- In the latest reports, Nigeria Short Term Interest Rate: Month End: NIBOR: 3 Months was reported at 12.570 % pa in May 2023.
- The cash rate (Policy Rate: Month End) was set at 18.500 % pa in May 2023.
View Nigeria's Exchange Rate against USD from Jan 1957 to May 2023 in the chart:
What was Nigeria's Exchange Rate against USD in May 2023?
Nigeria Exchange Rate against USD averaged 460.702 (USD/NGN) in May 2023, compared with 460.418 USD/NGN in the previous month. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
460.702 May 2023 | 460.418 Apr 2023 | 0.530 Nov 1980 | 460.702 May 2023 | USD/NGN | monthly | Jan 1957 - May 2023 |
Exchange Rate against USD by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (USD/ALL) | 101.837 May 2023 | monthly | Jan 1992 - May 2023 |
Algeria (USD/DZD) | 135.952 May 2023 | monthly | Jan 1957 - May 2023 |
Argentina (USD/ARS) | 235.870 May 2023 | monthly | Nov 1977 - May 2023 |
Armenia (USD/AMD) | 386.558 May 2023 | monthly | Apr 1992 - May 2023 |
Australia (USD/AUD) | 1.505 May 2023 | monthly | Jan 1957 - May 2023 |
Austria (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Azerbaijan (USD/AZN) | 1.700 May 2023 | monthly | Dec 1992 - May 2023 |
Bahrain (USD/BHD) | 0.376 Jun 2023 | monthly | Jan 1966 - Jun 2023 |
Bangladesh (USD/BDT) | 104.390 May 2023 | monthly | May 1970 - May 2023 |
Belarus (USD/BYN) | 2.895 May 2023 | monthly | Jan 1994 - May 2023 |
Belgium (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Bolivia (USD/BOB) | 6.910 Mar 2024 | monthly | Mar 1959 - Mar 2024 |
Bosnia and Herzegovina (USD/BAM) | 1.799 May 2023 | monthly | Jan 1997 - May 2023 |
Botswana (USD/BWP) | 13.479 May 2023 | monthly | Jan 1957 - May 2023 |
Brazil (USD/BRL) | 4.981 May 2023 | monthly | Feb 1986 - May 2023 |
Brunei (USD/BND) | 1.339 May 2023 | monthly | Jan 1957 - May 2023 |
Bulgaria (USD/BGN) | 1.801 May 2023 | monthly | Jan 1957 - May 2023 |
Cambodia (USD/KHR) | 4,115.350 May 2023 | monthly | Jan 1957 - May 2023 |
Canada (USD/CAD) | 1.352 May 2023 | monthly | Jan 1957 - May 2023 |
Chile (USD/CLP) | 798.635 May 2023 | monthly | Jan 1957 - May 2023 |
China (USD/RMB) | 6.985 May 2023 | monthly | Jan 1957 - May 2023 |
Colombia (USD/COP) | 4,539.540 May 2023 | monthly | Jan 1950 - May 2023 |
Croatia (USD/EUR) | 0.920 May 2023 | monthly | Jan 1992 - May 2023 |
Cyprus (USD/EUR) | 0.923 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Czech Republic (USD/CZK) | 21.734 May 2023 | monthly | Jan 1993 - May 2023 |
Denmark (USD/DKK) | 6.855 May 2023 | monthly | Jan 1957 - May 2023 |
Ecuador (USD/USD) | 1.000 Mar 2024 | monthly | May 2006 - Mar 2024 |
Egypt (USD/EGP) | 30.887 May 2023 | monthly | Jan 1957 - May 2023 |
Estonia (USD/EUR) | 0.923 Jun 2023 | monthly | Jun 1992 - Jun 2023 |
European Union (USD/EUR) | 0.920 May 2023 | monthly | Jan 1999 - May 2023 |
Finland (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
France (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Georgia (USD/GEL) | 2.534 May 2023 | monthly | Sep 1995 - May 2023 |
Germany (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Ghana (USD/GHS) | 12.675 Mar 2024 | monthly | Jan 1957 - Mar 2024 |
Greece (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Hong Kong SAR, China (USD/HKD) | 7.837 May 2023 | monthly | Jan 1957 - May 2023 |
Hungary (USD/HUF) | 342.746 May 2023 | monthly | Jan 1968 - May 2023 |
Iceland (USD/ISK) | 138.352 May 2023 | monthly | Jan 1957 - May 2023 |
India (USD/INR) | 82.298 May 2023 | monthly | Jan 1957 - May 2023 |
Indonesia (USD/IDR) | 14,810.857 May 2023 | monthly | Jan 1967 - May 2023 |
Iran (USD/IRR) | 42,000.000 May 2023 | monthly | Jan 1957 - May 2023 |
Ireland (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Israel (USD/ILS) | 3.660 May 2023 | monthly | Jan 1957 - May 2023 |
Italy (USD/EUR) | 0.923 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Ivory Coast (USD/XOF) | 603.595 May 2023 | monthly | Jan 1957 - May 2023 |
Japan (USD/JPY) | 137.053 May 2023 | monthly | Jan 1957 - May 2023 |
Jordan (USD/JOD) | 0.709 May 2023 | monthly | Jan 1957 - May 2023 |
Kazakhstan (USD/KZT) | 446.600 May 2023 | monthly | Nov 1993 - May 2023 |
Kenya (USD/KES) | 137.240 May 2023 | monthly | Jan 1957 - May 2023 |
South Korea (USD/KRW) | 1,327.480 May 2023 | monthly | Jan 1957 - May 2023 |
Kosovo (USD/EUR) | 0.920 May 2023 | monthly | Jan 1999 - May 2023 |
Kuwait (USD/KWD) | 0.307 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Kyrgyzstan (USD/KGS) | 87.450 May 2023 | monthly | May 1993 - May 2023 |
Laos (USD/LAK) | 16,862.318 May 2023 | monthly | Jan 1957 - May 2023 |
Latvia (USD/EUR) | 0.920 May 2023 | monthly | Feb 1992 - May 2023 |
Lebanon (USD/LBP) | 15,000.000 Apr 2023 | monthly | Jan 1957 - Apr 2023 |
Lithuania (USD/EUR) | 0.920 May 2023 | monthly | Dec 1992 - May 2023 |
Luxembourg (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Macau SAR, China (USD/MOP) | 8.072 May 2023 | monthly | Dec 1967 - May 2023 |
North Macedonia (USD/MKD) | 56.509 May 2023 | monthly | Dec 1993 - May 2023 |
Malawi (USD/MWK) | 1,034.870 Mar 2023 | monthly | Jan 1957 - Mar 2023 |
Malaysia (USD/MYR) | 4.512 May 2023 | monthly | Jan 1957 - May 2023 |
Malta (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Mauritius (USD/MUR) | 45.200 May 2023 | monthly | Jan 1957 - May 2023 |
Mexico (USD/MXN) | 17.749 May 2023 | monthly | Jan 1957 - May 2023 |
Moldova (USD/MDL) | 17.807 May 2023 | monthly | May 1994 - May 2023 |
Mongolia (USD/MNT) | 3,461.180 May 2023 | monthly | Jul 1990 - May 2023 |
Montenegro (USD/EUR) | 0.920 May 2023 | monthly | Jan 1999 - May 2023 |
Morocco (USD/MAD) | 10.112 May 2023 | monthly | Jan 1957 - May 2023 |
Mozambique (USD/MZN) | 63.900 Apr 2024 | monthly | Jan 1957 - Apr 2024 |
Myanmar (USD/MMK) | 2,100.000 May 2023 | monthly | Apr 2012 - May 2023 |
Nepal (USD/NPR) | 131.101 May 2023 | monthly | Jan 1957 - May 2023 |
Netherlands (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
New Zealand (USD/NZD) | 1.609 May 2023 | monthly | Jan 1957 - May 2023 |
Nigeria (USD/NGN) | 460.702 May 2023 | monthly | Jan 1957 - May 2023 |
Norway (USD/NOK) | 10.807 May 2023 | monthly | Sep 1914 - May 2023 |
Oman (USD/OMR) | 0.385 May 2023 | monthly | Jan 1957 - May 2023 |
Pakistan (USD/PKR) | 286.584 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Panama (USD/PAB) | 1.000 May 2023 | monthly | Jan 1940 - May 2023 |
Paraguay (USD/PYG) | 7,224.544 May 2023 | monthly | Jan 1957 - May 2023 |
Peru (USD/PEN) | 3.689 May 2023 | monthly | Jan 1960 - May 2023 |
Philippines (USD/PHP) | 55.728 May 2023 | monthly | Jan 1945 - May 2023 |
Poland (USD/PLN) | 4.179 May 2023 | monthly | Jan 1957 - May 2023 |
Portugal (USD/EUR) | 0.923 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Qatar (USD/QAR) | 3.640 May 2023 | monthly | Jan 1966 - May 2023 |
Romania (USD/RON) | 4.555 May 2023 | monthly | Jan 1957 - May 2023 |
Russia (USD/RUB) | 83.161 Jun 2023 | monthly | Jun 1992 - Jun 2023 |
Saudi Arabia (USD/SAR) | 3.750 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Serbia (USD/RSD) | 108.240 Jun 2023 | monthly | Jan 1995 - Jun 2023 |
Singapore (USD/SGD) | 1.339 May 2023 | monthly | Jan 1957 - May 2023 |
Slovakia (USD/EUR) | 0.920 May 2023 | monthly | Jan 1993 - May 2023 |
Slovenia (USD/EUR) | 0.920 May 2023 | monthly | Nov 1991 - May 2023 |
South Africa (USD/ZAR) | 19.032 May 2023 | monthly | Jan 1957 - May 2023 |
Spain (USD/EUR) | 0.920 May 2023 | monthly | Jan 1957 - May 2023 |
Sri Lanka (USD/LKR) | 309.420 May 2023 | monthly | Jan 1957 - May 2023 |
Sudan (USD/SDG) | 446.387 Mar 2022 | monthly | Jan 1957 - Mar 2022 |
Sweden (USD/SEK) | 10.769 Jun 2023 | monthly | Jan 1957 - Jun 2023 |
Switzerland (USD/CHF) | 0.898 May 2023 | monthly | Jan 1957 - May 2023 |
Syria (USD/SYP) | 7,861.364 May 2023 | monthly | Jan 1990 - May 2023 |
Accurate Macro & Micro Economic Data You Can Trust
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -4.8 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Consolidated Fiscal Balance (USD mn) | -3,071.175 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
National Government Debt (USD mn) | 101,710.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Government Debt: % of GDP (%) | 39.8 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
Forecast: Government Expenditure (NGN bn) | 99,387.936 2029 | yearly | 1990 - 2029 |
Forecast: Government Net Debt (NGN bn) | 205,772.040 2028 | yearly | 1990 - 2028 |
Forecast: Government Revenue (NGN bn) | 74,924.965 2029 | yearly | 1990 - 2029 |
Federal Govt Balance (NGN bn) | -2,347.160 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Federal Govt Expenditure: Capital (NGN bn) | 1,043.310 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Gross Federation Account Revenue (NGN bn) | 4,791.390 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Federal Govt Expenditure: Recurrent (NGN bn) | 2,791.110 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Gross Federation Account Revenue: Oil (NGN bn) | 814.230 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Federal Govt Revenue (NGN bn) | 1,693.020 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Federal Govt Expenditure (NGN bn) | 4,040.180 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Government Debt: Domestic (NGN bn) | 53,258.012 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
Trade Balance (USD mn) | 1,889.4 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Total Exports (USD mn) | 4,751.7 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Total Exports Growth (%) | 82.1 Dec 2023 | monthly | Jan 2004 - Dec 2023 |
Aluminum: Exports (USD th) | 165,856.846 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 2,876.353 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 480.530 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 2,989.3 Mar 2023 | monthly | Jan 2003 - Mar 2023 |
Total Imports Growth (%) | 34.5 Sep 2023 | monthly | Jan 2004 - Sep 2023 |
Imports: Medicament (USD th) | 755,360.705 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 508,406.689 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 332.105 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Total Imports from USA (USD mn) | 176.789 Dec 2023 | monthly | Dec 2009 - Dec 2023 |
Total Exports to China (USD mn) | 24.772 Sep 2023 | monthly | Jan 2007 - Sep 2023 |
Total Imports from China (USD mn) | 715.679 Sep 2023 | monthly | Jan 2007 - Sep 2023 |
Imports (NGN mn) | 2,429,185.197 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Exports: Crude Oil (NGN mn) | 3,404,818.113 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Total Trade (NGN mn) | 6,865,948.584 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports: America: ow USA (NGN mn) | 299,453.208 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports: Europe: ow Netherlands (NGN mn) | 523,568.988 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports (NGN mn) | 4,284,566.609 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports: Europe: ow UK (NGN mn) | 93,037.938 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports: Vegetable Products (NGN mn) | 316,546.604 2022 | yearly | 2003 - 2022 |
Exports: Mineral Products (NGN mn) | 24,389,951.388 2022 | yearly | 2003 - 2022 |
Imports: Europe: ow Netherlands (NGN mn) | 158,090.619 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Imports: America: ow USA (NGN mn) | 159,407.643 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Imports: Europe: ow Germany (NGN mn) | 68,742.651 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Imports: Europe: ow UK (NGN mn) | 71,966.938 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Imports: Asia: ow China (NGN mn) | 631,502.155 Dec 2023 | monthly | Jan 2007 - Dec 2023 |
Imports: Chemicals and Chemical Products (NGN mn) | 385,751.608 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Imports: Manufactured Goods (NGN mn) | 184,959.341 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 810,486.908 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Imports: Food and Live Animals (NGN mn) | 364,417.505 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Imports: Machinery and Transport Equipment (NGN mn) | 639,703.694 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 44.0 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Current Account Balance (USD mn) | 1,545.4 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Current Account Balance: % of GDP (%) | 1.9 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
Foreign Direct Investment: % of GDP (%) | 1.1 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Foreign Portfolio Investment (USD mn) | 2,876.923 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Foreign Portfolio Investment: % of GDP (%) | 3.6 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 270.9 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 2,606.059 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
External Debt (USD mn) | 42,495.2 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
External Debt: % of GDP (%) | 11.9 2023 | yearly | 1985 - 2023 |
External Debt: Short Term (USD mn) | 1,005.6 2020 | yearly | 2008 - 2020 |
External Debt: Short Term: % of GDP (%) | 0.2 2020 | yearly | 2008 - 2020 |
Forecast: Current Account Balance (USD bn) | 0.890 2028 | yearly | 1980 - 2028 |
Net International Investment Position (USD mn) | -90,273.874 2022 | yearly | 2005 - 2022 |
External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
External Debt: Government: International Capital Market (USD mn) | 15,118.350 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
External Debt: Government (USD mn) | 42,495.160 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Capital Inflow: Foreign Direct Investment (USD) | 20,080,525.860 Nov 2022 | monthly | Jan 2007 - Nov 2022 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 6.1 2019 | yearly | 2003 - 2019 |
Non-Performing Loans (USD mn) | 3,315.011 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
Money Supply M1 (USD mn) | 19,608.589 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
Money Supply M2 (USD mn) | 60,857.230 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
M2 Growth (%) | 77.6 Feb 2024 | monthly | Nov 1993 - Feb 2024 |
Reserve Requirement Ratio (%) | 45.0 Mar 2024 | monthly | Nov 2005 - Mar 2024 |
Foreign Exchange Reserves (USD mn) | 33,217.6 Dec 2023 | monthly | Jan 1960 - Dec 2023 |
Foreign Exchange Reserves: % of GDP (%) | 8.942 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 11.6 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Gold Reserves (USD mn) | 1,273.284 Sep 2023 | monthly | Dec 1950 - Sep 2023 |
Total Deposits (USD mn) | 84,213.801 Dec 2019 | monthly | Nov 1992 - Dec 2019 |
Total Deposits Growth (%) | 2.6 Dec 2019 | monthly | Nov 1993 - Dec 2019 |
Domestic Credit (USD mn) | 74,341.2 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
Domestic Credit Growth (%) | 63.6 Feb 2024 | monthly | Nov 1993 - Feb 2024 |
Private Debt: % of Nominal GDP (%) | 16.22 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Monetary Survey: Liabilities: Base Money (NGN mn) | 21,230,656.700 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
Monetary Survey: Liabilities: M2: M1 (NGN mn) | 30,277,249.260 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 63,691,242.700 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
Monetary Survey: Liabilities: M2 (NGN mn) | 93,968,491.960 Feb 2024 | monthly | Nov 1992 - Feb 2024 |
Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
Non Performing Loans to Gross Loans (%) | 4.210 Dec 2022 | semiannually | Dec 2003 - Dec 2022 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -0.6 Nov 2023 | monthly | Jul 2015 - Nov 2023 |
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